144 1 body_144.htm PIZZA INN FORM 144 B KEITH CLARK Pizza Inn Form 144 B Keith Clark
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 144

NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933


ATTENTION:
 Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute
                    sale or executing a sale directly with a market maker.

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SEC USE ONLY

DOCUMENT SEQUENCE NO. 
CUSIP NUMBER 
(a) NAME OF ISSUER (Please type or print)
Pizza Inn, Inc.
(b) I.R.S. IDENT. NO.
47-0654575
(c) S.E.C. FILE NO.

WORK LOCATION 
(d) ADDRESS OF ISSUER            STREET           CITY           STATE          ZIP CODE
3551 Plano Parkway                                            The Colony      Texas              75056
(e) TELEPHONE NO.
AREA CODE 
469
NUMBER 
384-5000
(a) PERSON FOR WHOSE ACCOUNT THE SECURITIES
         ARE TO BE SOLD
B. Keith Clark
(b) I.R.S. IDENT. NO.
(c) RELATIONSHIP TO
     ISSUER
Officer

(d) ADDRESS STREET              CITY        STATE       ZIP CODE

3551 Plano Parkway
The Colony, Texas 75056

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number
3(a)
Title of the
Class of
Securities
To Be Sold

(b)
Name and Address of Each Broker Through Whom the Securities are to be Offered to Each Market Maker who is Acquiring the Securities

SEC USE ONLY
(c)
Number of shares
or Other Units
To Be Sold
(See instr.3(c))

(d)
Aggregate
Market
Value
(See instr.3(d))

(e)
Number of Shares
or Other Units
Outstanding
(See instr.3(e))

(f)
Approximate
Date of Sale
(See instr.3(f))
(MO.  DAY  YR.)

(g)
Name of Each
Securities
Exchange
(See instr.3(g))

Broker-Dealer
File Number

Common
Stock (1)

Eric Townsend
Fidelity Investments
6005 West Park Boulevard
Plano, Texas 75093

 

30,000

$84,900

10,093,674

6/18/2004

NASDAQ

Common
Stock (2)

Wells Fargo Retirement Plan Services
as trustee for the Pizza Inn Employee
401 (k) Plan
 

67,306

$190,477

10,093,674

6/18/2004

 

INSTRUCTIONS:
1. 
(a) 
Name of issuer. 3.  (a)
Title of the class of securities to be sold.
 
(b)
Issuer's IRS Identification Number.
 
(b)
Name and address of each broker through whom the securities are intended to be sold.
 
(c)
Issuer's SEC file number, if any.
 
(c)
Number of shares or other units to be sold (if debt securities, give the aggregate face amount).
 
(d)
Issuer's address, including zip code.
  (d)
Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing
 
(e)
Issuer's telephone number, including area code.
 
(e)
Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer.
2.
(a)
Name of person for whose account the securities are to be sold.
  (f)
Approximate date on which the securities are to be sold.
 
(b)
Such person's or I.R.S. Identification number, if such a person is an entity.
 
(g)
Name of each securities exchange, if any, on which the securities are intended to be sold.
 
(c)
Such person's relationship to the issuer (e.g., officer, director, 10 percent stockholder, or member of immediate family of any of the foregoing).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
 
(d)
Such person's address, including zip code.
 
 

TABLE I--SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the Payment of all or any part of the purchase price or other consideration therefor:

Title of
the Class
Date You Acquired
Nature of Acquisition Transaction
Name of Person From Whom Acquired
(If Gift, Also Give Date Donor Acquired)
Amount of Securities Acquired
Date of Payment
Nature of Payment

Common Stock (1)

5/03/2001

Options Granted Pursuant to Employee Stock Award Plan

Pizza Inn, Inc.

30,000

N/A

N/A

Common Stock (2)

Various

Open Market Purchases By Trustee of Pizza Inn 401(k) Plan

Pizza Inn 401(K) Plan

67,306

Various

Cash

INSTRUCTIONS:
1.

If the securities were purchased and full payment therefore was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

  2.

If within two years after the acquisition of the securities the person for whose account they are to be sold had any short positions, put or other option to dispose of securities referred to in paragraph (d)(3) of Rule 144, furnish full information with respect thereto.

 

TABLE II--SECURITIES SOLD DURING THE PAST THREE MONTHS
Furnish The Following Information as to All Securities of The Issuer Sold During The Past Three Months By The Person For Whose Account The Securities Are To Be Sold.

Name and Address of Seller

Title of Securities To Be Sold.

Date of Sale

Amount of
Securities Sold

Gross Proceeds

N/A

 N/A

N/A

 N/A

N/A

REMARKS:

(1)    Options granted to Filer at $2.00 per share on May 3, 2001 pursuant to issuer's 1993 Employee Stock Award Plan.

(2)    Shares acquired under the 401(K) Plan from January 1, 1998 to June 17, 2004 at prices between $0.90 and $5.54 per share.

INSTRUCTIONS:

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

  ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the issuer of the securities to be sold which has not been publicly disclosed.


6/21/2004


/s/ B. Keith Clark

DATE OF NOTICE

(SIGNATURE)

The notice shall be signed by the persons for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.


ATTENTION: INTERNATIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE FEDERAL CRIMINAL VIOLATIONS
(SEE 18 U.S.C. 1001).